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Precision Drilling Corp (2)
Symbol PD
Shares Issued 13,288,852
Close 2025-08-01 C$ 74.80
Market Cap C$ 994,006,130
Recent Sedar Documents

Globe says Precision Drilling kept at "outperform"

2025-08-01 07:19 ET - In the News

The Globe and Mail reports in its Friday, Aug. 1, edition that RBC Capital Markets analyst Keith Mackey continues to rank Precision Drilling "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Mackey boosted his share target by $11 to $100. Analysts on average target the shares at $96.62. Mr. Mackey says in a note: "We remain constructive on the underlying value in Precision Drilling shares due to leading market share in a strong Canadian drilling market, relative gas exposure, pathway to organic deleveraging and increasing shareholder returns. At the margin, Precision Drilling's U.S. operations appear to be improving, while the Canadian growth trajectory has taken a pause. We increase our 2025/26 EBITDA estimates by 7 per cent." The Globe reported on April 18 that Mr. Mackey was keeping his "outperform" recommendation for Precision intact. It was then worth $58.22. The Globe reported on April 22 and July 4 that National Bank Financial analyst Dan Payne had reaffirmed his "sector perform" recommendation for Precision Drilling. The shares could then be had for $59.56 and $68.14.

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